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Job-Order Costing System
An accounting system that assigns costs to specific production batches or jobs, used in environments where products are customized or not identical.
Manufacturing Departments
Divisions within a manufacturing organization, each focusing on a specific aspect of the production process.
Machine-Hours
A measure of production volume or activity based on the number of hours machines are operated.
Markup
The amount added to the cost of a product to cover overhead and profit, expressed as a percentage of the cost.
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